Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Luminar Technologies Inc Market Cap
The Luminar Technologies Inc (LAZR) share price is expected to increase by 289.41% over the next year. This is based on calculating the average 12-month share price estimate provided by 0 stock analysts who have covered LAZR. Price targets range from $0.5 at the low end to $7 at the high end. The current analyst consensus for LAZR is a sell. Please note analyst price targets are not guaranteed and could be missed completely.
About 0 Wall Street analysts have assignedLAZR 0 buy ratings, 0 hold ratings, and 0 sell ratings. This means that analysts expect Luminar Technologies Inc to sell. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on LAZR. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of LAZR.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Samik Chatterjee JP Morgan | Overweight | $6 | Maintains | Aug 19, 2024 |
| Itay Michaeli Citigroup | Buy | $6 | Maintains | Aug 16, 2024 |
| Kevin Cassidy Rosenblatt | Neutral | $2 | Maintains | Aug 7, 2024 |
| Kevin Garrigan WestPark Capital | Buy | $5 | Maintains | Aug 7, 2024 |
| Kevin Garrigan WestPark Capital | Buy | $9 | Reiterates | Aug 6, 2024 |
| Mark Delaney Goldman Sachs | Sell | $1 | Maintains | Jul 11, 2024 |
| Itay Michaeli Citigroup | Buy | $9 | Maintains | May 9, 2024 |
| John Murphy B of A Securities | Underperform | $1.2 | Downgrade | Apr 10, 2024 |
| Samik Chatterjee JP Morgan | Overweight | $8 | Assumes | Mar 26, 2024 |
| John Murphy B of A Securities | Neutral | $3.5 | Maintains | Feb 29, 2024 |
| Mark Delaney Goldman Sachs | Sell | $1.5 | Maintains | Feb 29, 2024 |
| Kevin Cassidy Rosenblatt | Neutral | $3 | Maintains | Feb 28, 2024 |
| Mark Delaney Goldman Sachs | Sell | $2 | Maintains | Jan 25, 2024 |
| Emmanuel Rosner Deutsche Bank | Hold | $4 | Downgrade | Jan 17, 2024 |
| Mark Delaney Goldman Sachs | Sell | $3 | Maintains | Nov 10, 2023 |
| Mark Delaney Goldman Sachs | Sell | $3 | Maintains | Nov 9, 2023 |
| Mark Delaney Goldman Sachs | Sell | $3.5 | Maintains | Oct 3, 2023 |
| Itay Michaeli Citigroup | Buy | $17 | Maintains | Aug 16, 2023 |
| Kevin Cassidy Rosenblatt | Neutral | $6 | Reiterates | Aug 9, 2023 |
| Itay Michaeli Citigroup | Buy | $18 | Maintains | May 16, 2023 |
When did it IPO
2019
Staff Count
800
Country
United States
Sector/Industry
Consumer Cyclical/Auto Parts
CEO
Mr. Austin Russell
Market Cap
$513.5M
In 2023, LAZR generated $69.8M in revenue, which was a increase of 71.46% from the previous year. This can be seen as a signal that LAZR's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Tue, 27 Aug 2024
Sentiment - NEUTRAL
Source - Zacks Investment Research
Summary - Wall Street analysts' ratings influence investor decisions and can impact stock prices, highlighting their significance in the market.
Why It Matters - Wall Street analyst ratings influence stock prices and investor sentiment, impacting buying or selling decisions and overall market dynamics.
Thu, 22 Aug 2024
Sentiment - NEUTRAL
Source - Zacks Investment Research
Summary - Luminar Technologies (LAZR) shows a hammer chart pattern, suggesting support after recent losses, alongside rising earnings estimate revisions, indicating potential trend reversal.
Why It Matters - The hammer chart pattern suggests potential price stabilization for Luminar Technologies, while rising earnings estimates indicate improving fundamentals, signaling a possible trend reversal.
Mon, 12 Aug 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Luminar Technologies (LAZR) is upgraded to Zacks Rank #2 (Buy), indicating improved earnings outlook, which may lead to a potential increase in the stock price.
Why It Matters - The upgrade to Zacks Rank #2 signals improved earnings expectations for Luminar Technologies, likely leading to stock price appreciation and increased investor interest.
Fri, 09 Aug 2024
Sentiment - NEGATIVE
Source - The Motley Fool
Summary - Blink Charging reports significant losses with slowing growth, while Solid Power's revenue shows slight growth but anticipates a slowdown in the latter half of the year.
Why It Matters - Blink Charging's significant losses and slowing growth raise concerns about its financial stability. Solid Power's expected slower growth could impact investor confidence and stock performance.
Fri, 09 Aug 2024
Sentiment - NEUTRAL
Source - Seeking Alpha
Summary - Luminar Technologies faces revenue growth delays due to Volvo production issues, missing targets. Its Semiconductor unit has over 100 customers and $100M in orders. The company raised $100M but needs more funding.
Why It Matters - Luminar's production delays and missed revenue targets could impact stock performance, while its semiconductor unit's growth and capital raise indicate potential but highlight ongoing funding challenges.
Wed, 07 Aug 2024
Sentiment - NEGATIVE
Source - The Motley Fool
Summary - Luminar's Q2 sales and earnings fell short of Wall Street expectations, and the company provided disappointing sales guidance for the upcoming period.
Why It Matters - Luminar's missed sales and earnings targets, along with weak guidance, signal potential financial instability, which can lead to decreased investor confidence and a drop in stock value.
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